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Date Posted: 6/4/2008
TECSYS Captures Another Contract in Parts Distribution
Continues to Increase its Market Share in Heavy Equipment
MONTREAL, QUEBEC--(Marketwire - June 4, 2008) - TECSYS Inc. (TSX:TCS - News), an industry-leading supply chain management software company announced today that it has won a contract for its warehouse management system with a major dealer in the west central part of the United States to replace an existing system for parts distribution currently installed at the dealer's warehouse operations. With over 800 employees in fourteen locations throughout its territory, including the 250,000 square-foot headquarter facility on 80 acres of land, the Company is a major heavy equipment dealer that sells, rents and services more than 400 machines and power systems, from truck engines and generator sets to skid steer loaders and excavators to 360-ton mining trucks.
At any given moment in time, this dealer has over 65,000 line items in stock, and some US $25 million invested in inventory. It maintains an extensive list of used parts and components tailored to machines 8 years and older; items such as transmissions, engines, hydraulic cylinders and equalizer bars, as well as new surplus parts and components.
A 5-Star Award recipient for its quality of service to customers, the Company's management needed to move away from their labour-intensive logistics operations and acquire a warehouse management system compatible with its dealership operating environment; that can easily interface with automated material handling devices such as conveyors, automated storage and retrieval systems and carousels. Furthermore, they needed a system that provides clear visibility across their enterprise, particularly real-time visibility in receiving and true perpetual inventory to support their vital customer services operations 24x7.
The Company's management searched, among major Warehouse Management suppliers, and selected TECSYS due to its reputation in this industry, but as importantly, they were convinced of TECSYS' ability to provide tier one support to sustain 24x7 quality service to their clients.
Peter Brereton, President and CEO of TECSYS, commented: "With our unique value proposition focused on this vertical, we have been able to consistently win in the heavy equipment space, capturing a major dealer every quarter and doubling our market share in North America during the last year. I am particularly pleased with the strengthened pipeline in this space and our continued efforts to sustain increased growth in this segment of our target market."
About TECSYS
TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include over 500 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general high-volume wholesale distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
About TECSYS' EliteSeries for IBM System i
TECSYS' EliteSeries WMS for IBM System i, in addition to its vast WMS functionality, includes advanced kitting with multi-level bills of materials and work orders, enhanced pallet and load building, wave picking, as well as TMS courier integration for major providers such as UPS and FedEx. EliteSeries WMS for IBM System i offers a browser-based user interface, new queries on key reporting indicators using iTopia(TM) (TECSYS' tool for transforming data into knowledge), proof of delivery applications, Web-based order life cycle tracking and tracing, a flexible third-party billing component and versatile activity-based costing.
The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2007. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR (www.sedar.com).
Copyright © TECSYS Inc. 2008. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
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